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Indicators development for T101's not very simple method

  • #1,001
  • Feb 4, 2010 1:12pm Feb 4, 2010 1:12pm
High,
if you take a look at the code (just look for SHORT(Strong)) you'd see the logic. It's actually was described by Julius how to define the trend direction.
I agree you'd see Strong signal most of the time. When trend is changing you could see NONE or WEAK signal.

Regarding opening trades on STRONG signal. That's what I was going to talk about and that's what you deleted from EA.

Okay, those comments are actually movable. It's an attempt to make a GUI in MT4. He-he. Can you believe that? Just double click on "Move me" and drag it some where (doesn't matter where). This will override you business rules and would open trades when all columns say STRONG signal. For now actually it works "which condition comes first". So, if business rule condition is true earlier then trades will be triggered. We need to discuss if we need to do actual overriding. By the way if you move Close all positions it should close all your trades. I could make columns selectable, but it's more settings.




Quoting high1701
Hey Orest,

I noticed the footer caption that displays SHORT or LONG always says STRONG. What makes it strong? And if it will always say STRONG, can we just remove the STRONG portion of the text?

Would it be possible to add a boolean option that will launch a basket trade when all of the footer captions read SHORT or LONG? If set to TRUE, it would need to override the trade triggers in the EA, then when all footer captions read SHORT, open a basket trade short, and if they are all LONG, open a basket trade LONG, assuming no current trade is open.

I...
  • #1,002
  • Feb 4, 2010 1:37pm Feb 4, 2010 1:37pm
Wow, a GUI!

Very impressive. I put them back in, that is really, really terrific!

I also looked at the code for the STRONG bit, and I do remember that being discussed on Trader101s thread, sorry about that. I understand it better now that I see it in action.

I can't believe how encompassing you have made this EA, super job Orest, thank you!



Quoting Orest
High,
if you take a look at the code (just look for SHORT(Strong)) you'd see the logic. It's actually was described by Julius how to define the trend direction.
I agree you'd see Strong signal most of the time. When trend is changing you could see NONE or WEAK signal.

Regarding opening trades on STRONG signal. That's what I was going to talk about and that's what you deleted from EA.

Okay, those comments are actually movable. It's an attempt to make a GUI in MT4. He-he. Can you believe that? Just double click on "Move me" and drag it some...
  • #1,003
  • Feb 4, 2010 1:52pm Feb 4, 2010 1:52pm
Hey Orest,

Couple of questions on the GUI:

 

  1. Can I move both of the MOVE MEs on one chart, and the EA will trade which ever one applies when all the columns show LONG or SHORT?
  2. Can I set the RULES ON Option to FALSE so no other trade will be initiated except for the GUIs?
  3. Would it be possible to add a boolean option to disable the WEEKLY column from the GUI trade criteria? So the GUI would look for all the columns EXCEPT for the WEEKLY when determining whether to initiate a trade, if that option was so FALSE.

Thanks

  • #1,004
  • Feb 4, 2010 2:00pm Feb 4, 2010 2:00pm
1. Yes, you should be able to
2. Yes, that would work.
3. I think it should be more flexible, what if you don't have a weekly and have monthly column instead. So, another setting?

Quoting high1701
Hey Orest,

Couple of questions on the GUI:

 

  1. Can I move both of the MOVE MEs on one chart, and the EA will trade which ever one applies when all the columns show LONG or SHORT?
  2. Can I set the RULES ON Option to FALSE so no other trade will be initiated except for the GUIs?
  3. Would it be possible to add a boolean option to disable the WEEKLY column from the GUI trade criteria? So the GUI would look for all the columns EXCEPT for the WEEKLY when determining whether to initiate a trade, if that option was so FALSE.

Thanks

  • #1,005
  • Feb 4, 2010 2:11pm Feb 4, 2010 2:11pm
Thanks for quick answers.

Ahhhh. I didn't even realize you could customize the column Time Frames. So the GUI only looks at the columns you have chosen, correct?


Quoting Orest
1. Yes, you should be able to
2. Yes, that would work.
3. I think it should be more flexible, what if you don't have a weekly and have monthly column instead. So, another setting?
  • #1,006
  • Feb 4, 2010 2:15pm Feb 4, 2010 2:15pm
Yes, only those which are on you screen. So, workaround would be having another chart open with longer timeframes separately.

Quoting high1701
Thanks for quick answers.

Ahhhh. I didn't even realize you could customize the column Time Frames. So the GUI only looks at the columns you have chosen, correct?
  • #1,007
  • Feb 4, 2010 2:37pm Feb 4, 2010 2:37pm
Ah, this is awesome, Orest.

I tested both MOVE MEs, and the CLOSE ALL POSITIONS, they work like a charm. One thing, after they have been used, they cannot be moved again, which is fine, I just reset the EA.

Just a super job, Orest. I know enough now to use this in all possible ways I can imagine. Thank you!

Quoting Orest
Yes, only those which are on you screen. So, workaround would be having another chart open with longer timeframes separately.
  • #1,008
  • Feb 4, 2010 2:43pm Feb 4, 2010 2:43pm
No, should be movable just fine, please try again.

Quoting high1701
Ah, this is awesome, Orest.

I tested both MOVE MEs, and the CLOSE ALL POSITIONS, they work like a charm. One thing, after they have been used, they cannot be moved again, which is fine, I just reset the EA.

Just a super job, Orest. I know enough now to use this in all possible ways I can imagine. Thank you!
  • #1,009
  • Feb 4, 2010 2:52pm Feb 4, 2010 2:52pm
I have been thinking a lot about the system lately and despite T101 method does not promote any additional indicators I still wanted to show one, maybe you could make sense of it. I used it on H1 chart and this is basically whole basket equity moving in time. I know there are many similar of this kind, but this one caught my attention. It seems it works very well with Fibo replacements. See attached chart. More info here (need a registration).

http://indo-investasi.com/viewtopic....01feeef428e4cf
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard01.jpg Size: 49 KB
Attached File(s)
File Type: mq4 T101_BuyAllPairs.mq4   6 KB | 936 downloads
  • #1,010
  • Feb 4, 2010 2:55pm Feb 4, 2010 2:55pm
Nope, sorry. Once your code moves it back to its original position, then dbl clicking on it will no longer bring up its text box, and it can't be moved.

I'm going to check out that indicator you just put up, looks interesting. thanks!

Quoting Orest
No, should be movable just fine, please try again.
  • #1,011
  • Feb 4, 2010 3:02pm Feb 4, 2010 3:02pm
It might take several double-clicks. Practice. The comment field would be "highlighted" small dots appear at the borders.

Quoting high1701
Nope, sorry. Once your code moves it back to its original position, then dbl clicking on it will no longer bring up its text box, and it can't be moved.

I'm going to check out that indicator you just put up, looks interesting. thanks!
  • #1,012
  • Feb 4, 2010 3:07pm Feb 4, 2010 3:07pm
This indicator is amazing, seriously. Pick any period in the past (h1 time frame, I didn't try any higher). Identify major high/low for the period, draw standard Fibo retracements from MT4 and see how the line respects the levels.
  • #1,013
  • Feb 4, 2010 3:24pm Feb 4, 2010 3:24pm
Sorry, I dbl clicked the heck out of it, it doesnt select. But perhaps it has something to do with my computer, so I don't want to take any more of your time on it. Perhaps someone else can can initiate a trade using one of the Move Me's and then try and move the Move Me after it has been reset to its original position.


Quoting Orest
It might take several double-clicks. Practice. The comment field would be "highlighted" small dots appear at the borders.
  • #1,014
  • Feb 4, 2010 3:44pm Feb 4, 2010 3:44pm
Very nice.

I've got an auto fibo I use for charting, it might be interesting to apply chart patterns to this indicator.

Boy, no wonder I did so well this morning with my SHORT basket trade. This is going to be interesting to watch. Thanks.


Quoting Orest
I have been thinking a lot about the system lately and despite T101 method does not promote any additional indicators I still wanted to show one, maybe you could make sense of it. I used it on H1 chart and this is basically whole basket equity moving in time. I know there are many similar of this kind, but this one caught my attention. It seems it works very well with Fibo replacements. See attached chart....
  • #1,015
  • Edited 5:30pm Feb 4, 2010 3:59pm | Edited 5:30pm
Quoting Orest
This indicator is amazing, seriously. Pick any period in the past (h1 time frame, I didn't try any higher). Identify major high/low for the period, draw standard Fibo retracements from MT4 and see how the line respects the levels.
Hi Orest,
thank you for the amazing work on the EA.
the last T101 indicator is great.
Actually, I was monitoring the basket trades with EURJPY and I knew it was time to take profit this morning PST when this pair and other JPY pairs reached their 1.38 extension (I made a lot of demo money). I guess it will be easier to monitor the Basket synthetic pair. See pic.
What I could suggest from trading my "pip lines" as you call them is that it's more relevant to get a column from a major recent peak or valley than 30mn, 1h ago. If we could enter a customizable fixed date and time for a column it would be of great help. And one very relevant indication for this column is the distance between the extrems (anchors) = the sum of their pip value without the minus sign (absolute value).Under a certain spread value between anchors, don't trade, it's ranging, it could display "NONE".
My main problem so far is defining the value for a TS since you trade 14 pairs at a time (5 in my system) it should be something like min. 30x14=420pips (150 for me) it's huge and can wipe out some decent gains and keep you into reversing trend. Any Idea on TS? I think that the 560pips are a hard SL?
Hope this help
Attached Image (click to enlarge)
Click to Enlarge Name: T101 fib.PNG Size: 37 KB
  • #1,016
  • Feb 5, 2010 12:19am Feb 5, 2010 12:19am
Hi schmurex, I understand only part with customizable column which is absolutely possible to do (more settings though, High is gonna like it ). Could you re-phrase it or/and make a graphical description of your suggestion? I feel there is something valuable in it, but couldn't fully comprehend.

Thanks

Quoting schmurex
Hi Orest,
thank you for the amazing work on the EA.
the last T101 indicator is great.
Actually, I was monitoring the basket trades with EURJPY and I knew it was time to take profit this morning PST when this pair and other JPY pairs reached their 1.38 extension (I made a lot of demo money). I guess it will be easier to monitor the Basket synthetic pair. See pic.
What I could suggest from trading my "pip lines" as you call them is that it's more relevant to get a column from a major recent peak or valley than 30mn, 1h ago. If we could enter a...
  • #1,017
  • Feb 5, 2010 4:20am Feb 5, 2010 4:20am
Quoting Orest
Hi schmurex, I understand only part with customizable column which is absolutely possible to do (more settings though, High is gonna like it ). Could you re-phrase it or/and make a graphical description of your suggestion? I feel there is something valuable in it, but couldn't fully comprehend.

Thanks
Hi Orest
on the line graph of the synthetic basket pair (T101BuyAllPairsIndi) attached, I have put a vertical red line, it reads 2010.02.04 20:00. That's exactly the kind of data I would like to enter as a fix time for the customizable column.
I call it fix versus rolling e.g 1h ago.
Actually the ideal for me would be an ultra light EA with only 3 columns: 1 fixed to the beginning of the week (I guess your "this week" is working that way) and 2 customizable columns to what ever date and time we choose. For example: last major peak or valley for the first one and the date and time when you enter the trade for the second one (this one could even be started by the EA).
The second one allows you to really see what's going on in your trade.
So the first one along with the Weekly is for timing when to enter a trade, the second one to monitor it.
No ADX needed.
If it was possible to add a line with the distance in pip between the 2 anchors, we could monitor what threshold represents a ranging vs trending market, to add it as a rule later.
All the rest is absolutely great, the GUI option is incredible...
Hope you can understand my English
Thanks
Schmurex
Attached Image (click to enlarge)
Click to Enlarge Name: T101 date&time.PNG Size: 23 KB
  • #1,018
  • Feb 5, 2010 8:05am Feb 5, 2010 8:05am
Hey Orest,

When I restarted MetaTrader, I can now re-move the MOVE MEs once they have been moved and reset, so it was just an issue with my computer. Just fyi.
  • #1,019
  • Feb 5, 2010 4:03pm Feb 5, 2010 4:03pm
Okay, customizable columns are possible to do, however I still don't understand the value of having them. Let's see we enter the date/time of the last lowest equity and get that column among others, first 30-1hour after that the pairs on the indicator would be all mixed up like they are now on lower time frames. After that probably some trend would be formed (if the market is not completely flat). I understand what you said, but didn't get how to use that for trading.

Pip line between opposite anchors. Do you mean ANY anchor pairs because anchors are obviously not the same all the time? The idea is interesting though. Probably you meant that T101_BuyAllPairs indicator should show that line (the code needs to be changed of course), because my EA can't show any lines.

Lightweight EA could be customized from existing EA, I'm working on it.


Quoting schmurex
Hi Orest
on the line graph of the synthetic basket pair (T101BuyAllPairsIndi) attached, I have put a vertical red line, it reads 2010.02.04 20:00. That's exactly the kind of data I would like to enter as a fix time for the customizable column.
I call it fix versus rolling e.g 1h ago.
Actually the ideal for me would be an ultra light EA with only 3 columns: 1 fixed to the beginning of the week (I guess your "this week" is working that way) and 2 customizable columns to what ever date and time we choose. For example: last major peak or valley for...
  • #1,020
  • Feb 5, 2010 4:56pm Feb 5, 2010 4:56pm
Interesting observation. Look at this new indicator I made from BuyAllPairs.
This is moving distance between anchors. It's clearly visible that narrowing spread usually means trend changing. Place it on the same chart as T101_BuyAllPairs
Attached File(s)
File Type: mq4 T101_BuyAllPairs_anchor_spread.mq4   6 KB | 751 downloads
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